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time is running out for new drivers in
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North Carolina a major change is coming
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to car insurance policies and it could
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cost you thousands of dollars if you
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don't act fast starting July 1st 2025
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the inexperienced driver search charge
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on car insurance will be extended from 3
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years to 8 years this applies to anyone
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getting their first license after that
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date regardless of age currently new
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drivers pay higher insurance rates for 3
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years to offset the risk of insuring
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someone new to the road but soon you'll
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be paying extra for nearly a decade
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unless you take action now this change
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isn't just about teenagers whether
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you're 16 or 36 if you get your first
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license after the cutoff date you'll be
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treated as an inexperienced driver for
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eight long years the financial impact is
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significant on average a young driver in
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North Carolina increases the cost of
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132% over 3 years this could cost around
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$4,000 extend that to 8 years and you're
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looking at potentially more than $10,000
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in extra fees but there's good news if
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you get your license before July 1st
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you'll be grandfathered into the current
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3-year search charge plan this is a
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golden opportunity to save thousands of
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dollars over the next few years for
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those who can't beat the deadline there
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are still ways to keep insurance costs
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manageable consider liabilityon
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insurance on a used car instead of full
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coverage if possible avoid giving new
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drivers their own vehicle and instead
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add them to an existing family policy
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always ask about available discounts
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such as those for good students or
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completing driver safety courses the
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clock is ticking if you're thinking
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about getting your license in North
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Carolina now is the time to act schedule
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your DMV appointment as soon as possible
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even if you currently hold a learner's
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permit upgrading to a provisional or
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full license before the deadline could
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save you significant money in the long
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run don't wait until it's too late get
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your license now and avoid years of
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higher insurance premiums your future
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self will thank you for making this
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smart financial decision today
2:18
thank you for watching insurance news
2:20
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